The country's services exports are doing “extremely well” and going by the current trend these outbound shipments would register about 20 per cent growth in this fiscal and cross the USD 300 billion target despite global economic uncertainties, Commerce and Industry Minister Piyush Goyal has said. He said that on the merchandise front also, exports [...]
Motilal Oswal Funds on 20 January bought a 2.5 per cent stake in Hi-Tech Pipes, a small-cap multibagger stock. On Monday, the stock gained 2.53% to reach a fresh 52-week high of ₹ 989.65 apiece on the National Stock Exchange (NSE). Its shares closed at ₹ 972.25 apiece. Motilal Oswal AMC picked up 3 lakh [...]
Shares of UltraTech Cement on Monday declined by nearly 5 per cent after the firm reported a decline in its consolidated net profit for the third quarter. The stock of the largest cement manufacturer fell 4.62 per cent to settle at Rs 6,846.90 apiece on the BSE. On the NSE, it declined by 4.42 per [...]
Reliance Industries (RIL) on Friday announced its results for the October to December quarter of 2022. Its consolidated net profit after tax came in at ₹ 15,792 crores, down 15% year on year (YoY) and its revenue increased 15.3% YoY to ₹ 2.20 lakh crores. In addition, its board approved raising ₹ 20,000 crores through [...]
Full service carrier Vistara on Monday said it reported a profit for the first time since inception in the three months ended December 2022. Without disclosing the exact profit figure in the December quarter, the airline also said it crossed the USD 1 billion revenue mark and remained EBITDA positive in the current fiscal year. [...]
RattanIndia Power on Monday reported widening of its consolidated net loss to Rs 479.76 crore for the December quarter, mainly due to higher expenses. The consolidated net loss of the electricity producer stood at Rs 386.69 crore in the quarter ended December 31, 2021, as per a BSE filing. Total expenses rose to Rs 1,411.05 [...]
Triveni Turbine on Monday posted an over 47 per cent rise in consolidated net profit to Rs 52.60 crore for the December quarter, helped by higher revenues. The consolidated net profit of the company stood at Rs 35.67 crore in the quarter ended December 31, 2021, showed a BSE filing. Total income rose to Rs [...]
Sebi has asked B2B payments and services provider PayMate India to refile the documents for the initial public offering with certain updates. PayMate India had filed the Draft Red Herring Prospectus (DRHP) for a Rs 1,500 crore-IPO with the Securities and Exchange Board of India (Sebi) in May 2022. The proposed Initial Public Offering (IPO) [...]
Private sector lender Axis Bank on Monday reported a 62 per cent surge in profit at Rs 5,853 crore for the quarter ended December 2022, driven by increase in net interest income and decline in bad loans. Its net profit on standalone basis stood at Rs 3,614 crore in the same quarter of the preceding [...]
Penny stocks are known to deliver high returns in a shorter time period as these stocks tend to hit circuits more often. Penny stocks have a market capitalization of less than Rs 200 Crore and have a share price lesser than Rs 100. These companies tend to have zero or negative sales and profits and [...]
